September 2018

Found 4 blog entries for September 2018.

Numbers of Central Oregon Single Family Homes for Sale Up

Bend Oregon Real Estate

One of the key components on the health of a real estate market is the inventory levels of the homes selling. In a balanced market, there are 6 months of supply.  In Central Oregon, there has been a great lack of inventory for several years in most of the cities which has led to a seller's market with rising home values, multiple offers and in some cases, a certain desperation for buyers to find a home.  Full price offers or even offers over asking have been the norm at certain prices for a while.  However, there appears to be a shift happening in much of Central Oregon with the number of single family residential homes available for sale rising.

The following chart shows the last two

1,032 Views, 0 Comments

Redmond Real Estate Values Have Been Discovered!

Redmond OregonThe word is out and Redmond Oregon has been found to be a great town where people want to live. Often thought of as an affordable option to Bend, Redmond residents have tremendous pride in their town and enjoy the lifestyle of this wonderful Central Oregon community.

The August 2018 Redmond OR real estate statistics have been published and the amount of increase in the sales figures is significant. The following data compares August 2018 single family residential home sales on less than an acre with that from August 2017:

  • The numbers of homes for sale up 9% to 242*
  • The numbers of homes sold up 12.4% to 100
  • The numbers of homes pended up 23.9% to 109
  • The average price per square foot up
1,523 Views, 0 Comments

Bend Single Family Home Prices Still Rising

Bend Home Price Trends

The figures from August, 2018 Bend real estate sales are published and the price of a Bend single family home continues to go up. While the trend upward in the asking price of a Bend home appears to be leveling off, the sold price is still rising with the average price per square foot now at $255.  The following data compares August 2017 sales of Bend single family homes on land under an acre with those from 2018:

  • Number of active homes for sale down 6.4% to 619*
  • Number of homes sold slightly up .8% to 255
  • Number of homes pended up 8.7% to 238
  • Months of inventory based on closed sales down 7.7% to 2.4
  • Average days on market down 11.8% to 90
  • Average price per square foot up 5.8% to
1,773 Views, 0 Comments

Bend Homes for Sale Vs SoldBend Or Real Estate

 

Home values in Bend have changed considerably since coming out of the great recession. What was unheard of in 2011 has become common with Bend million dollar homes selling regularly and contractors willing to build spec homes at this price point. Bend home sales have been impacted by lack of inventory for many years, but with the rise in Bend home values, many of the lower end buyers have been priced out of the Bend market and have instead purchased in outlying areas.

We are seeing a transition in the Bend real estate market and a slight increase in inventory.  The following graphs show twelve months of sales/new listings in 4 different price ranges for Bend single family homes over the past 3 years:

Bend Oregon Real Estate Trends

 Bend Oregon Real Estate Trends

Bend

573 Views, 0 Comments

The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on April 23rd, 2019 at 11:29pm PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).